agree with potenza, lock in only 3 years....no penalty

after that reapply loan with other banks. I believe RHB rates are higher in the year 2008. CIMB and MBB are offering lower rates today @ BLR-1.65%.

So you can save on monthly installment with no penalty.

yes, you can top up additional loan if you already have an existing loan.

Hi Mikeshashimi,

Your formula for ASB Dividend is wrong. You did not take into account Compounding Interest.

It should calculate like this:
Year 1: RM50,000 x 7.65% = RM3825. So total Principal + Dividend = RM53,825
Year 2: RM53,825 x 7.65% = RM4117. Total now is RM57,942
Year 3:.......repeat the same till Year 25. (Easier if you use a spreadsheet).

Based on the example, Year 25 you will get RM315,734

At year 20, you will get RM218,399.....

Actually, if you use an example of RM200,000 and ASB dividend of 7.65% - -> you will be a millionaire in 22 years.

BUT the dividend + bonus is average at 8.5%pa - -> so RM200K ASB will grow to RM1 million in 20 years.

You are a FUTURE MILLIONAIRE